Well here we go there’s an awful lot of activity being reported at the drill site in Orenburg. Could be that the workover is all but finished. Matra must now know what the situation is regarding the work-over. But this being Matra, who as you’re all aware have an abysmal Investor Relations record, counts for nothing when it comes to updating Private Investors. No doubt those that have an institutional interest in the company have been kept apace with the operations. It’s one rule for them and another for us lesser mortals. Take Note Peter Hind patience is wearing thin. Further news. Matra has been discussing funding for the upcoming seismic/A14 Drill with their Nomad/Board. Meetings aplenty (the Batphone has been glowing) What form this takes is anybodys guess. Delek could more than likely contribute as could an outright placing which rumour now has it looks unlikely. Now here’s a very good point on the timing of funding. If the funding is announced before A12 news then some think that this bodes badly for the A12 workover. If A12 is successfully remedied then investors can expect a funding announcement within a matter of a days/week. Lots of disgruntled Private Investors have emailed the Blog this week. I remain fully committed to Matra. I believe that fortune favours the brave here. The company are genuine in their efforts. It’s not long now before Batman(Hind) & Robin(Hodgson) announce results of the A12 workover. Countdown has begun! It’s looking good to me. I say that as I am in for the long-haul via a whooping return from full field development!
Daniel (The Joker)